2024 415c Contribution Limit

2024 415c Contribution Limit. The irc §415 dollar limit is $235,000 and the irc §401(a)(17) pay cap is $345,000 for 2024, $330,000 for 2023, and $305,000 for 2022. 415(c) overall defined contribution plan limit.

This is the overall limit on total contributions (employee and employer) to a participant’s account, which is the lesser of 100% of the participant’s. Total credits to a participant’s defined contribution plan account are limited to the maximum dollar amount under irc sec.